On December 22, 2022, the Government Commission on Monitoring Foreign Investment in the Russian Federation  issued additional restrictions on transactions with shares (participatory interest) in joint stock companies and limited liability companies, as well as on payment of dividends in favor of shareholders from so-called “unfriendly” states.

On January 1, 2023, a new law took effect, extending a number of anti-crisis measures – the Federal Law No.519 “On introducing amendments to certain legislative acts of the Russian Federation an on suspending the effect of certain provisions of legislative acts of the Russian Federation. In this brief, we will examine the most significant measures in corporate relations. Let’s have a detailed look. 

December is usually a good time to sum up events of the year, and our IP practice has taken a look back at the most significant IP/IT events of 2022.

The rating is purely subjective and is based on the personal opinions of CLS associates Antonina Shishanova ana Victor Kaluzhski.

On October 20, 2022, the President of the Russian Federation signed a law giving the Bank of Russia the right to provide the Ministry of Internal Affairs with information on cases and attempts to make money transfers without the consent of the client.

The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has issued a new general license which took effect on October 28, 2022 and continues in effect for six months, until April 28, 2023. The general license allows to receive legal fees from a person designated under UK sanctions. Let’s have a detailed look. 

State Duma passed in the third reading a draft law that allows the customs authorities to investigate offenses related to funds being moved abroad. Let’s have a look at what will change when the amendments take effect.

On September 20, 2022, Government Resolution No.1651 was published, which approves the rules for obtaining a permission from the Government Commission for Control over Foreign Investments in the Russian Federation for transactions involving shares, real estate, etc. 

On September 20, 2022, a law amending the Criminal Code of the Russian Federation was submitted to the Federation Council of the Russian Federation. With the above amendments, new offences relating to breaches of state contracts on state defense order or contracts entered into for the purpose of performing a state defense order will be introduced.

Yesterday was issued Presidential Decree No. 618 (the “Decree”), which limits the ability to carry out transactions with LLC equity interests for the some categories of persons.

On July 14, 2022, the Russian President signed Federal Law No.259-FZ amending the Administrative Offenses Code of the Russian Federation. The amendments toughen liability for violating the Federal Law “On the activities of foreign persons on the Internet telecommunications network on the territory of the Russian Federation”.